Category: Brokerage
REBNY report shows NYC multifamily foundation applications plummeting in the second half of 2022
December 27, 2022
Amid a growing chorus from most public officials about the need to address New York City’s housing supply crisis, the Real Estate Board of New York (REBNY) released a new report to better understand the state of the multifamily development market and worsening pace of production
Farrell Fritz elevates five attorneys to partner
December 27, 2022
Uniondale, NY Farrell Fritz has promoted John Armentano, Azriel Baer, Peter Sluka, Lisa Vaccaro and Irene Zoupaniotis to partner. John Armentano is a land use and municipal litigation attorney
Farrell Fritz promotes two attorneys to counsel
December 27, 2022
Uniondale, NY Farrell Fritz has promoted Edward Baker and Bret Cahn to counsel effective January 1. Edward Baker is an estate litigation attorney. He received his J.D. from Brooklyn
Fried Frank acted as counsel to JV for financing and redevelopment of 25 Water St.
December 27, 2022
Fried Frank acted as counsel to GFP Real Estate and Metro Loft Management in connection with a joint venture with Rockwood Capital and represented the venture in connection with the financing and redevelopment of 25 Water St. The
CBRE arranges $12 million sale of NNN leased life sciences facility
December 27, 2022
Orangeburg, NY CBRE completed the sale of 25 Corporate Dr., a 38,400 s/f life sciences facility located in Rockland County. The single tenant absolute NNN property leased to Scapa North America, a wholly owned subsidiary of global
MRA and Angelo Gordon complete $31.9 million financing for three Long Island industrial properties
December 27, 2022
Ronkonkoma & Bayshore, NY Metropolitan Realty Associates (“MRA”), in partnership with Angelo Gordon, has completed a $31.9 million financing with IDB Bank for three Suffolk County industrial properties. The properties are part of a $50 million
Meridian’s Doshi and Mehra sell three contiguous mixed-use buildings for $13+ million
December 27, 2022
Manhattan, NY Meridian’s Amit Doshi and Shallini Mehra closed on the sale of three contiguous, mixed-use buildings located at 1256, 1258 and 1260 Lexington Ave. The contiguous three buildings have a wraparound frontage of 129 s/f
Shawmut Design and Construction names Bishop chair of the Board of Directors
December 27, 2022
Shawmut Design and Construction, a leading $1.3 billion national construction management firm, has appointed current board member Kimberly Bishop to chair of the board of directors. Bishop’s new role is Shawmut’s latest move in its commitment
Mavashev of Alpha Realty brokers $24m sale of 82-unit multifamily
December 13, 2022
Brooklyn, NY Alpha Realty negotiated the sale of 792 Sterling Place in the Crown Heights section of the city which traded at $24 million in an off-market transaction.
A&E Real Estate buys 1,212 unit portfolio from LeFrak for $248.7m
December 13, 2022
Brooklyn, NY A&E Real Estate today has finalized the acquisition of 14 multifamily buildings in the city’s Gravesend and Sheepshead Bay neighborhoods. A&E acquired the portfolio, which encompasses 1,212 apartments, 306 parking spaces and five commercial units, from The LeFrak Organization for $248.7 million.
Mallon of Verada leases 41,000 s/f to Brooklyn Brewery at 1 Wythe Ave.
December 13, 2022
Brooklyn, NY Nathaniel Mallon, managing partner of Verada, represented Brooklyn Brewery in the lease of 41,000 s/f at 1 Wythe Ave. The space is zoned for light manufacturing use across the lower level, first & fourth floors of the three-sided building’s total 82,000 s/f. The new location is four blocks from the company’s current location on North 11th St.
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